G2TT
来源类型Discussion paper
规范类型论文
来源IDDP14869
DP14869 Universal Basic Income: A Dynamic Assessment
Raquel Fernández; Diego Daruich
发表日期2020-06-10
出版年2020
语种英语
摘要The idea of universal basic income (UBI)---a set income that is given to all without any conditions---is making an important comeback but there is no real evidence regarding its long-term consequences. This paper provides a very inexpensive evaluation of such a policy by studying its dynamic consequences in a general equilibrium model with imperfect capital markets and labor market shocks, in which households make decisions about education, savings, labor supply, and with intergenerational linkages via skill formation. The steady state of the model is estimated to match US household data. We find that a UBI policy that gives all households a yearly income equivalent to the poverty line level has very different welfare implications for those alive when the policy is introduced relative to future generations. While a majority of adults (primarily older non-college workers) would vote in favor of introducing UBI, all future generations (operating behind the veil of ignorance) would prefer to live in an economy without UBI. The expense of the latter leads to lower skill formation and education, requiring even higher tax rates over time. Modeling automation as an increased probability of being hit by an ``out-of-work'' shock, the model is also used to provide insights on how the benefits of UBI change as the environment becomes riskier. The results suggest that UBI may be a useful transitional policy to help current individuals whose skills are more likely to become obsolete and are unprepared for the increased risk, while, simultaneously, education policies may be implemented to increase the likelihood that future cohorts remain productive and employed.
主题Development Economics ; Labour Economics ; Macroeconomics and Growth ; Public Economics
关键词Universal basic income Taxation Human capital Labor supply
URLhttps://cepr.org/publications/dp14869
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/543807
推荐引用方式
GB/T 7714
Raquel Fernández,Diego Daruich. DP14869 Universal Basic Income: A Dynamic Assessment. 2020.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Raquel Fernández]的文章
[Diego Daruich]的文章
百度学术
百度学术中相似的文章
[Raquel Fernández]的文章
[Diego Daruich]的文章
必应学术
必应学术中相似的文章
[Raquel Fernández]的文章
[Diego Daruich]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。